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Defi Nears $100 Billion Milestone as Crypto Market Heats Up


According to the latest data, the crypto economy’s 2.45% climb over the last day is pushing the total value locked in decentralized finance (defi) protocols tantalizingly close to a $100 billion milestone. $100 Billion in Sight in the Wide World of Defi Protocols As of 11 a.m. Eastern Time...

Tether to Perform $2 Billion USDT Chain Swap to Ethereum


Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a procedure used to transfer cryptocurrency between...

Former FTX CTO Gary Wang Asks Court for No Jail Time


Gary Wang, the former chief technology officer at FTX and a one-time member of former CEO and convicted fraudster Sam Bankman-Fried’s inner circle, has requested that he serve no prison time for his role in the crypto exchange’s 2022 implosion

Polymarket vs. Polls: Trump’s Victory Vindicates Prediction Markets


Haseeb Qureshi, managing partner at the VC crypto fund Dragonfly, believes that prediction markets like Polymarket have been vindicated after facing accusations of bias in anticipation of the U.S. election. Qureshi highlights that for-profit market makers are driven by potential earnings, giving...

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